3 weeks to go until transitioning to part time

PE Guy

Confused about dryer sheets
Joined
Jul 24, 2024
Messages
1
Location
Texas
I won't call it retirement, because I'll still be sitting on some boards and getting paid, but I won't be going in the office anymore.

I'm 52 and have been in private equity for the last 25 years. This has provided my family a very nice lifestyle as we've sold companies and I've earned part of those profits. I hit my initial financial retirement goal when I was 42 and realized that amount wouldn't be enough to live on for the rest of my life since I was so young. When I doubled that amount by 49, I began to seriously consider stepping back. A few years later and I've added another 50% to my original target. It's time to say enough is enough and let the next generation take their turn.

I have no idea what I'm going to do with my free time, but I'm not phased by the unknown. I'm just excited for the change. I'll keep one foot in the game as I remain on a couple of boards and this will allow me to maintain health insurance for the family for a few more years until these companies sell. My youngest kid is still in high school so these responsibilities should last at least until we are empty nesters and can consider more traveling throughout the year.

I've enjoyed reading this forum and its really made me appreciate how fortunate I am from a financial perspective. Living well below our means and saving/investing most of our earnings into the companies we've bought have now allowed me the flexibility to do what I want, or more importantly, not do what I don't want. 🥂
 
Welcome to the forum. I am sure you can find things to keep busy once you stop going into the office. I fully retired at 53.5, after part-time for about 1 year. It is an adjustment, and it will take a while to find your new routine. Have fun enjoy the new freedom.
 
Welcome! We hope you participate often. Keep us posted on your transition.
 
Welcome to the forum. Congrats on knowing you have enough.
 
Good for you.

I FIRED at age 50, now 59. I had no trouble filling in my time.

I owned a very consuming small business. Services, I was at the will of the public 24/7. I sold to my successor and moved 350 miles away the next day, I was out cold turkey. I had no desire to keep a foot in the door since if I did I would still have the headaches and worry about the business and customers. For me it was the right choice.

If I had stayed in business it would only have kept me stressed out and what for ? To make profit for large companies and adding to my estate when I'm gone.

You'll enjoy owning your time. Next to health it is the most valuable thing you have.

We wish you well. Keep us posted.
 
Congrats!

I retired 2 years ago in my 50's. It has been great. I hope you have a very enjoyable retirement.
 
Congratulations.
This forum is a great place to be, hope to continue to hear from you along the way!
 
Congrats! I'm sure you'll have no problem findings things to do with your day.
 
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